OF SRI LANKA GDP
USD 5.1 Billion Annually
41% of Land Mass
31% of the working population

Agriculture remains the primary sector of Sri Lankan economy, accounting for utilization of 41% the land mass available for economic purposes. It also employs 31% of the population. However, it only contributed 6% to the GDP. These numbers alone suggests the disparity shown could be attributed to inefficiency in managing such a profitable resource. Also, agriculture remains one of Sri Lanka’s most subsidized sectors with subsidies ranging from fertilizer subsidies to price control measures being in place. Taking into to account also the subsidies the actual contribution to the GDP is much lesser.

Globally, agriculture remains one of the most profitable and key components in an economy and with technology playing a massive role in the output. Technologies such as GPS locating, data analytics, weather prediction and sensory technology have been the driving factors on these industries and growth.

Also, a key factor in reduced efficiency has been the wastage issues that come with poor transportation facilities, delays and warehousing qualities. Technology can step in to remedy these situations by utilizing on demand transportation and better managing warehousing with automation technologies.

With a growing population and dwindling interest in agriculture across many countries, Sri Lanka is placed uniquely to position itself as a provider of food and with the added efficiency, the industry will be able to not only increase output but also find a competitive price point to compete globally.